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Search Results 0 to 7 of about 8 (some duplicates have been removed)
are in for a massive and unsustainable increasing deficit if we don't get a handle on entitlements. good morning. glad to have you with us. gregg: the cbo is saying it deficit will go down to $840 billion. that's the first time it will drop a trillion dollars under president obama. martha: but with baby boomers retiring at the rate of 10,000 people a day. entitlement spending is set to explode. stuart, as we pointed out, there is a lot of enthusiasm that we won't rack up a trillion dollar deficit. >> reporter: the headline was all about the deficit is going to be below a trillion dollars. that's great news. the bad news and there is a lot of it. the next 10 years medicare will cost $1 trillion a year. obama-care subsidies will total nearly a trillion dollars. the cost of medicaid will double and the debt will go to the highest portion of tour economy than it's been in a generation. there is dismal views on the current state of the economy. 1.4% growth this year and the unemployment rate will rise at 8% and stay that way for years to come. martha: the cbo makes very clear we need to do some entitlement
in the budget, but he says that he wants to ask congress to find a way to reduce the deficit in a balanced way to avoid these deep and indiscriminate cuts the large measure of which would come from the department of defense. we'll get you more on that, 12:15 the president will be speaking. a young girl's fight for her life spreading a message against taliban oppression, what an amazing story this is. we now hear from the 15-year-old girl from pakistan who was shot for just wanting to go to school. gregg: a florida teenage store did not take her court appearance very seriously until the judge laid down the law, but it's what she said that actually got her more time in the slammer. >> count one would be 10,000. >> are you serious? >> i am serious. adios. [bleep] >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your mon
in order to bring down our deficit. if you combine those things together we cannot only reduce our deficit but we can invest in education and research and development that will help us grow. martha: what do you think about that at home and what does karl rove think about that. former senior adviser to president george w. bush. there was a lot in that sound bite. we know the tax hikes have kicked in, but the president is suggesting that we need more money from the american people essentially. >> we have a spending problem not a revenue problem. revenues this year are anticipated to be above the year they were in fiscal '08. they are going to be over $2.9 trillion over $2 trillion. spending has increased more rapidly than revenues. the tax revenues we got as a result of raising the rates on the top two brackets was eaten up about it congress in one spending bill proposed about it administration, the sandy relief measure. we have a spending problem and it's going to get worse. martha: during the campaign we heard from governor romney about changing the structure of the tax code long term inst
thing with the deficit commission he created withers kin bowles a few years back. he is paying a lot of lip service to the american public about their top concerns and top concerns of this country and not having a lot of action or substantive action to bring about real solutions. bill: here are the fact we know, alan. in 24 months they met four times. >> correct. the empty met with them four times. there were other meetings the president did not attend. by the way they have been active 16 of 35 proposals and only two year charter. i wonder were republicans praise worthy when they formed the council and saying we don't need a council. that will not create jobs. now all of sudden they're upset he is ending the council. they never sported it first place. bill: implemented 16 recommendations. can you name one. >> i don't have the list here, but all the reports come out say that's what he did. bill: can you name one that worked? >> i don't have the list of them, bill. but the fact is the cynical, cynicism you seem to express as though simply having a jobs council, that is what creates job
Search Results 0 to 7 of about 8 (some duplicates have been removed)